If You Can’t Beat’Em, Denim

Who wants $25 for three minutes of work? Just write me a (positive) review on Zillow and then email me to let me know you did.

April Showers bring May flowers and what do May flowers bring? Let me tell you, Pilgrim, they bring us a huge week of economic data that can sway interest rates in either direction. Today we’ve got Q1 Advance GPD and Q1 Employment cost index (these measure US economic production and wage inflation). Friday we’ve got the Employment Numbers for April (expected unemployment at 6.5% and new payrolls at + 185k). If these reports were a movie they would be Mean Girls because they can be so positive or so negative in influencing interest rates, and that, Mortgage Fans, is so fetch.

Interest rates continue to behave themselves. 30-year fixed rates remain in the low-to-mid 4s with ARM rates about a point lower. Please keep in mind that rates vary based on credit score, type of home, equity in the home, and if your homework had creative answers.

Don’t forget to remember that for any purchase or refinance loan over $240k I will waive all lender fees – a $995 savings! Think of all the things you’ll be able to do with $995!

Blue Jeans Quote of the Day 2: “There is no bigger psychopath than the guy working out at the gym in jeans.” – Damien Fahey (@DamienFahey)

Timeout for Trivia: Congrats to those who guessed Renee Zellweger last week. Want to be entered into a drawing to win a 380-piece tub of Dubble Bubble gum? Simply email me the answer to this week’s “Who Am I?’ question. Good luck: “It was on this day in 1995 that my wife gave birth to my first daughter – maybe a little late to be having kids (I was 50), but rock ‘n rollers like myself are timeless. I’ve had over ten Top 10 hits over the years – one of those songs became a bigger hit after seeing Joel Goodsen dance to it. It wasn’t easy for me to become famous. In 1976 I played before 80,000 fans in my hometown of Detroit, and then the next night I played before fewer than a thousand people in Chicago where I felt like a stranger in town.”

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